Sprint Execs Sell $3 Million in Stock as SoftBank Buys

Sprint’s parent company SoftBank Group just bought $110 million more shares of Sprint, but the latter’s management literally isn’t buying it.

In the days following the collapse of Sprint’s (ticker: S) potential merger with T-Mobile US (TMUS), SoftBank bought 18.3 million more shares of Sprint from Nov. 6 through 13, paying $6.04 each on average. SoftBank owns 3.33 billion shares, a stake of more than 83% in Sprint, according to S&P Capital IQ.